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This insightful analysis into the prevailing economic situation in Pakistan has three distinguishing features. It is an exhaustive, analytical history of economic development in Pakistan during the last ?fty years; it provides an explanation of Pakistans economic performance in the political context, and compares it with other South Asian countries and with East Asia; it outlines for Pakistan an agenda of economic and social reforms based on a model of shared growth to see the country into the twenty-?rst century. The main thrust of the book is that the respective roles of the state and the market have been reversed in the case of Pakistan, with the result that the bene?ts are reaped by the elite class only. This small minority continues to enjoy the unjust accumulation of wealth in the midst of widespread poverty and squalor. The author establishes that such a situation is socially and economically not sustainable.